Last update: Oct 2026

Cost of Living Comparison Between Akureyri and Tbilisi

For one person, living is cheaper in Tbilisi: $1,269 a month against $3,106 in Akureyri, rent and utilities included – about $22,000 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Tbilisi
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Tbilisi Living Index

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Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Tbilisi

🇬🇪 Georgia

$1,269

/mo nomad

Monthly Cost of Living

How much you'll spend in Akureyri and in Tbilisi

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Akureyri and in Tbilisi actually costs, broken down by who's living it.

A single person spends $3,106 per month in Akureyri vs $1,269 in Tbilisi, rent included.

Akureyri $3,106
Tbilisi $1,269

A couple spends around $4,176 per month in Akureyri vs $2,016 in Tbilisi, rent included.

Akureyri $4,176
Tbilisi $2,016

A family of three spends $5,246 per month in Akureyri vs $2,763 in Tbilisi, rent included.

Akureyri $5,246
Tbilisi $2,763

Akureyri costs about 145% more than Tbilisi, and outside of rent the biggest gap is in eating out.

Akureyri sits 128% above the global median, while Tbilisi is 7% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$24.94 ISK 3,028

$11.63 ₾30.07

114.45%

Three-Course Dinner for Two, Mid-Range

$129 ISK 15.6K

$37.83 ₾97.8

240.66%

Fast Food Meal (McDonalds, etc)

$22.63 ISK 2,748

$9.66 ₾24.98

134.27%

Cappuccino

$5.04 ISK 611

$3.57 ₾9.24

41.18%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.35 ISK 406

$1.08 ₾2.78

210.19%

Water (0.33 liter bottle)

$2.99 ISK 363

$0.56 ₾1.45

433.93%

Local Beer (0.5 liter draught)

$11.22 ISK 1,362

$2.62 ₾6.78

328.24%

Imported Beer (0.33 liter bottle)

$9.62 ISK 1,168

$3.04 ₾7.85

216.45%

Milk (1 liter)

$2.77 ISK 337

$2.17 ₾5.60

27.65%

White Bread (500g)

$2.32 ISK 282

$0.80 ₾2.06

190.00%

Rice (white) (1kg)

$3.14 ISK 382

$1.74 ₾4.51

80.46%

Eggs

$7.65 ISK 928

$2.83 ₾7.31

170.32%

Local Cheese (1kg)

$15.85 ISK 1,925

$9.31 ₾24.07

70.25%

Chicken Fillets (1kg)

$24.82 ISK 3,013

$6.52 ₾16.85

280.67%

Beef Round Steak (1kg)

$12.95 ₾33.50

Apples (1kg)

$1.68 ₾4.33

Banana (1kg)

$2.92 ISK 354

$1.85 ₾4.79

57.84%

Oranges (1kg)

$3.45 ISK 419

$1.97 ₾5.10

75.13%

Tomato (1kg)

$6.08 ISK 738

$2.42 ₾6.25

151.24%

Potato (1kg)

$0.82 ₾2.11

Onion (1kg)

$0.74 ₾1.91

Lettuce (1 head)

$1.34 ₾3.47

Water (1.5 liter bottle)

$0.77 ₾2.00

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,664

$3.57 ₾9.24

284.03%

Wine (Bottle)

$7.67 ₾19.83

Local Beer (0.5 liter bottle)

$1.70 ₾4.39

Imported Beer (0.33 liter bottle)

$2.40 ₾6.21

One-way Ticket (Public Transport)

$0.40 ₾1.05

Public Transport Monthly Pass (Regular Price)

$15.23 ₾39.38

Taxi Start (Normal Tariff)

$1.14 ₾2.95

Taxi (Normal Tariff) (1km)

$0.78 ₾2.02

Taxi 1hour Waiting (Normal Tariff)

$11.83 ₾30.58

Gasoline (1 liter)

$2.59 ISK 314

$1.45 ₾3.75

78.62%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$41.3K ISK 5.0M

$24.6K ₾63.6K

67.93%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$65.2K ISK 7.9M

$22.3K ₾57.8K

191.85%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$121 ISK 14.7K

$88.8 ₾230

36.04%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$25.21 ISK 3,061

$13.12 ₾33.93

92.15%

Internet (50+ Mbps, Unlimited Data)

$165 ISK 20.0K

$19.67 ₾50.9

737.06%

Gym Membership (Monthly)

$84.3 ISK 10.2K

$64.1 ₾166

31.58%

Tennis Court (1 Hour on Weekend)

$19.04 ₾49.24

Cinema Ticket

$15.53 ISK 1,885

$7.12 ₾18.42

118.12%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$367 ISK 44.6K

$375 ₾971

-2.22%

International Primary School, 1 Child (Yearly)

$10.5K ₾27.1K

Jeans (Levis 501 Or Similar)

$80.8 ISK 9,810

$104 ₾268

-22.03%

Summer Dress (H&M, Zara, etc)

$39.26 ₾102

Sport Shoes (Adidas, Nike)

$122 ISK 14.8K

$117 ₾303

4.06%

Men's Leather Business Shoes

$122 ₾315

1-bedroom Apartment, City Center (Monthly)

$1,835 ISK 222.7K

$695 ₾1,798

163.88%

1-bedroom Apartment, Outside City Center (Monthly)

$1,833 ISK 222.5K

$451 ₾1,167

306.22%

3-bedroom Apartment, City Center (Monthly)

$1,355 ₾3,504

3-bedroom Apartment, Outside City Center (Monthly)

$2,186 ISK 265.4K

$906 ₾2,343

141.25%

Buy Apartment in City Center (m2)

$6,596 ISK 800.8K

$2,295 ₾5,934

187.43%

Buy Apartment Outside City Center (m2)

$6,483 ISK 787.1K

$1,345 ₾3,478

382.09%

Average Monthly Net Salary (After Tax)

$664 ₾1,718

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

12.62

-25.52%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akureyri: October 25, 2026

Last update for Tbilisi: October 27, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Akureyri

–

Tbilisi

$451 35.6%

Groceries & Markets

Akureyri

–

Tbilisi

$234 18.4%

Eating Out

Akureyri

–

Tbilisi

$191 15%

Clothing & Footwear

Akureyri

–

Tbilisi

$172 13.5%

Monthly Utilities & Internet

Akureyri

–

Tbilisi

$122 9.6%

Sport & Entertainment

Akureyri

–

Tbilisi

$78 6.2%

Getting Around

Akureyri

–

Tbilisi

$22 1.7%

Cost Breakdown

A central one-bedroom costs $1,835 in Akureyri versus $695 in Tbilisi. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $129 in Akureyri versus $38 in Tbilisi. Monthly groceries follow the same trend: $327 vs $234 – making Tbilisi the more affordable choice for daily food spending.

Good to know

🇮🇸 Akureyri

🇬🇪 Tbilisi

🕒 Local time

20:55 8:55 PM

00:55 12:55 AM

4 h ahead of Akureyri

🌤 Weather

👥 Population

19,219

1,241,700 Capital

💱 Currency

Icelandic Króna ISK kr

Georgian Lari GEL ₾

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1 GEL = 0.387 USD

1 GEL = 0.346 EUR

Exchange rates and currency converter

GEL, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of November 1, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.38 EUR).

Georgian Lari exchange rates as of November 1, 2026: 1 USD = 2.59 GEL (1 GEL = 0.387 USD). 1 EUR = 2.89 GEL (1 GEL = 0.346 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Akureyri Tbilisi 4,640 km ≈ 6 h nonstop flight

From you

Akureyri
Tbilisi

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Akureyri vs Tbilisi: Cost of Living - Frequently Asked Questions

Yes – Akureyri is pricier by about 145%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $4,659 per month in Akureyri and $1,904 in Tbilisi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Tbilisi, especially for central apartments: a one-bedroom in the center costs $695 there versus $1,835 in Akureyri.

A mid-range dinner for two costs $129 in Akureyri and $38 in Tbilisi. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 40% more in Akureyri, though the gap depends on what you buy.

A $2,000 monthly budget goes further in Tbilisi, where all-in costs run around $1,269, than in Akureyri at $3,106. In Tbilisi it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Tbilisi costs $1,269 versus $3,106 in Akureyri. Both appeal to remote workers, and the cost gap matters when income varies month to month.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.